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[sharechat] Trendlines

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Sat, 30 Nov 2002 22:33:15 -0800 (PST)

Bill,
     I guess there is some element of truth in what you say, but to my mind the 
"distance" a stocks price varies from its trendline is more a measure of its 
volatility than anything else. A very volatile stock would have large secondary 
swings away from, then back to, the trendline. A less volatile stock would not 
swing as wildly, and would, overall, stay nearer the trendline. This does not 
necessarily mean that one trend is stronger than the other, though many people 
do equate higher volatility with higher risk.
          Regards,
                 Phaedrus.



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